Greenlight Up 30%, Breaches High-Water Mark

Nov 10 2009 | 11:01am ET

With just two months left in the year, another prominent hedge fund has recovered its losses from last year.

Greenlight Capital has told investors that all three of its hedge funds have “regained all of the losses from 2008.” The firm’s flagship hedge fund is up 30% on the year, the New York Post reports. It lost almost 23% last year.

Recovering last year’s losses is critical for hedge fund managers, as it allows them to begin collecting performance fees again.

RELATED ARTICLE:

Greenlight's Einhorn Seeks CDS Ban


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...